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This beautifully updated mixed-use property offers the perfect opportunity to live, work, and/or invest in one of Colorado's most charming mountain towns. Just half a block from Main Street, directly across from city hall, this building features a fully remodeled second-floor one-bedroom, one-bath apartment and a stable, long-term commercial lease on the ground floor—providing immediate income and long-term flexibility. The entire upper level was taken down to the studs and completely remodeled in 2018 by renowned local builder Allison Construction, showcasing modern finishes and thoughtful design. The apartment features quartz countertops, hardwood floors, updated window treatments, and stylish furnishings—all included. The kitchen and bathroom were tastefully renovated as part of the full remodel and offer comfort and functionality in a bright, airy space. Step outside to a private south-facing deck with stunning views of the surrounding San Juan Mountains—your own peaceful retreat just steps from downtown. This apartment has operated successfully as an established licensed short-term vacation rental (over 175 reviews at 4.94/5) with strong occupancy and a loyal guest following, especially during the peak rental months of June through October. Whether you choose to continue operating it as a rental, live in it full-time, or use it as your own mountain getaway, it's truly turn-key and ready to go. Downstairs, a well-established local bookkeeper and architect occupy the commercial space under a lease secured through April 2028, providing consistent, passive income. Don't miss this rare opportunity to own a flexible, income-generating property in a prime location. Schedule your showing today and see the potential for yourself.
| LAST UPDATED | 3/5/2026 | TRACT | Other |
|---|---|---|---|
| YEAR BUILT | 1888 | COMMUNITY | Ouray City |
| COUNTY | Ouray | STATUS | Active |
| PROPERTY TYPE(S) | Single Family |
| Elementary School | Ouray K-6 |
|---|---|
| Jr. High School | Ouray 7-8 |
| High School | Ouray 9-12 |
| ADDITIONAL DETAILS | |
| AIR | Ceiling Fan(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Electric Water Heater, Microwave, Oven, Range, Refrigerator |
| AREA | Ouray City |
| BASEMENT | Crawl Space |
| CONSTRUCTION | Wood Siding |
| HEAT | Forced Air, Natural Gas |
| INTERIOR | Cathedral Ceiling(s) |
| LOT | 436 sq ft |
| SEWER | Public Sewer |
| STORIES | 2 |
| STYLE | Victorian |
| SUBDIVISION | Other |
| TAXES | 4219 |
| UTILITIES | Natural Gas Available |
| VIEW | Yes |
| VIEW DESCRIPTION | Mountain(s) |
| WATER | Public |
| ZONING | Commercial |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
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*Estimate only
Listed with Ouray Real Estate Corporation
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2026. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
Real Estate listings held by companies other than Real contain that company’s name.
Fair Housing DisclaimerThis data was last updated: 3/15/26 10:02 PM PDT
This IDX solution is (c) Diverse Solutions 2026.
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